2/1/2021 08:02am
Vystar Corp to begin production of Rx3000 during 1Q21
The company said, "Vystar Corporation has managed numerous initiatives though the challenges of the COVID-19 pandemic and has emerged with a new and stronger supply chain, reliable manufacturing partners, an improved product offering and a growing market presence and distribution network. Vystar is pleased to update shareholders on recent achievements and plans that are currently underway to continue to build Vystar shareholder value and brand equity. The COVID-19 pandemic has raised awareness of airborne disease transmission and consumers' desire to reduce their risk of infection through the use of air purifiers, leading interest in Vystar's RxAir ultraviolet-C light air purifiers to hit an all-time high... Amid the pandemic shutdown, RxAir engaged Strategic Link as its manufacturing management partner to rebuild the supply chain and produce the RxAir 400 with a new manufacturer. They went from square one to manufacturing the first units in four months -- a significant feat in normal times and even more incredible during a pandemic that fractured supply chains across the globe. More than 10,000 units have been produced, and RxAir now has a manufacturing capacity of up to 600 units per day if needed. Units have been deployed to customers throughout schools, retail outlets, offices, recreation facilities, medical facilities and more. RxAir initially airfreighted units from overseas at its own expense to expedite customer fulfillment. Shipments currently arrive via ocean freight approximately every two weeks, and customers can expect delivery of RxAir units within one to two days on orders of up to 1,000 units. Strategic Link and its engineering team reviewed the Rx3000 with an eye toward improving current design, parts, manufacturing and performance, as well as considering concepts for future upgrades and accessories. The new units have passed performance and reliability testing, and Vystar continues to pursue additional certifications and testing. Vystar is scheduled to begin production of the Rx3000 during first quarter 2021, with delivery on bulk orders approximately 12 weeks after purchase...RxAir is continuing R&D efforts to upgrade existing products and develop additional products and accessories that meet market needs while expanding its internal business development team and U.S. and international distribution network. Financing production of products and supply chain logistics is always a challenge for small companies, and RxAir is no exception. Thinking outside of the box, Vystar has been negotiating strategic partnerships to assist in scaling production, logistics and distribution without incurring additional debt or shareholder dilution...Rotmans' renovation, scheduled to begin in March 2021, will facilitate the company's shift to a smaller curated product offering that is expected to reduce overhead and generate increased margin. At the beginning of January, Rotmans began a massive clearance/inventory reduction sale to clear out current inventory lines and make way for the new product lines it will be offering after renovation is complete. The clearance sale has significantly increased sales to more than $6.5 million for the month of January, an increase of approximately 270% over January 2020 sales of $2.4 million."
AI
